Explain the difference between a debt and a deficit


Problem

1. Since the 1960s, Social Security and Medicare have grown as portions of U.S. government spending. Has the U.S. budget become more or less flexible as a result of the growth in the mandatory programs? Explain your response.

2. Explain the difference between a debt and a deficit.

The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.

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Macroeconomics: Explain the difference between a debt and a deficit
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